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- Subject: organizational announcement
- enron global markets ended the year with a great deal of momentum and with
- very high expectations for 2001 . in order to better focus and expand the
- various businesses within global markets , we are pleased to announce the
- following organizational changes .
- crude and products
- this group is being re - organized into product lines in order to better focus
- and maximize coverage and increase our market - making abilities . the
- following individuals leading these groups report directly to john nowlan .
- global crude oil
- don schroeder and bill white will manage our global crude oil books . don , s
- emphasis will be on the development and expansion of our physical crude
- positions both domestically and abroad . bill will manage the various
- financial crude positions globally and will focus on developing these books .
- distillate
- chris mahoney will have responsibility of all distillate positions . chris
- will focus on developing our global distillate strategy , building the
- business both physically and financially .
- global fuel oil
- niamh clarke will expand her role managing our global fuel oil and resid
- positions . emphasis will be placed on re - establishing enron in the financial
- fuel market in the us and developing a physical fuel strategy .
- global gasoline and components
- jim goughary will assume responsibility for our global gasoline and
- components business . following up on our expansion into the european market
- in 2000 , we look forward to jim expanding our presence in the us as well as
- asian markets .
- global lpg
- erik hansen and adam gross will be responsible for the development and
- execution of our global lpg trading and strategy . under their guidance we
- look to expand our presence into the asian pacific markets , as well as
- continuing to grow our us and european operations .
- petrochemical and plastics
- stuart bland and douglas friedman will be responsible for the continued
- development and growth of our petrochemical and plastics business . they will
- work to further expand both our physical and financial presence in these
- markets .
- fuel management
- doug leach will continue in his role developing our fuel management business
- as well as other long - term structural transactions .
- global origination
- randy maffett has joined the group to lead , develop and grow all global
- origination activities for the group . randy , s most recent assignment was in
- restructuring several equity investments for ena .
- enron freight
- this new group under the leadership of dan reck is developing a business in
- the inter - modal transportation area in the united states . shawn cumberland
- has joined this group to lead and expand the origination opportunities in
- this business . shawn , s most recent assignment was as coo of the calme region .
- global risk management
- jere overdyke has elected to leave enron after almost 10 years of service .
- per sekse will take over the leadership of this very exciting and growing
- business . per is located in enron , s new york office but will be spending a
- significant amount of his time in houston .
- we look forward to this year and feel the above changes will provide the
- focus and momentum we need to deliver a record performance in 2001 .
- please congratulate everyone on their new assignments .
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